earnings
confidence high
sentiment positive
materiality 0.75
SJW Group Q3 EPS $1.13 vs $0.82; raises 2023 guidance to $2.65-$2.70
H2O AMERICA
2023-Q3 EPS reported
$2.09
revenue$499,025,000
- Q3 diluted EPS $1.13, up 38% YoY; revenue $204.8M, up 16% from $176.0M.
- 2023 full-year EPS guidance raised to $2.65-$2.70 from prior $2.40-$2.50.
- Quarterly dividend declared $0.38 per share, consistent with prior quarter.
- Closed acquisitions of KT Water Development and KT Water Resources in Texas, adding 570 connections and 40% water supply increase.
- California WCCM-adjusted ROE set at 9.31%; CPUC approved reimplementation of revenue protection mechanisms retroactive to April 20.